English, Article, Journal or magazine article edition: Adaptive Learning in Models with Lagged Variables Wilfredo Leiva

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Bookmark: http://trove.nla.gov.au/version/155223
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Adaptive Learning in Models with Lagged Variables
Author
  • Wilfredo Leiva
Physical Description
  • preprint
Notes
  • In this work I study the stability of the dynamics generated by adaptive learning processes in intertemporal economies with lagged variables. I prove that determinacy of the steady state is a necessary condition for the convergence of the learning dynamics and I show that the reciprocal is not true characterizing the economies where convergence holds. In the case of existence of cycles I show that there is not, in general, a relationship between determinacy and convergence of the learning process to the cycle. I also analyze the expectational stability of these equilibria.
  • Intertemporal equilibrium, models with lagged variables, adaptive learning processes, expectational stability
  • RePEc:upf:upfgen:413
Language
  • English
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